Bread Financial Holdings Increases Loans and Reduces Losses

By Hao Liu • Wednesday, June 10 16:07 • Permanent Link

Bread Financial Holdings reported that end-of-period credit card and other loans rose to $18.363 billion in May 2026 from $17.702 billion a year earlier, an increase of $661 million.

Average credit card and other loans increased to $18.169 billion from $17.714 billion, up 2.6% year over year after a 0.7% decline in the prior-year period.

Net principal losses fell to $108 million from $120 million, while the net principal loss rate improved to 6.98% from 7.97%.

Delinquencies also improved. Principal balances 30 days or more past due declined to $853 million from $926 million, and the delinquency rate fell to 5.24% from 5.71%.

Compared with May 2025, period-end credit card and other loans increased by $87 million to $16.287 billion from $16.200 billion. Following these announcements, the company's shares moved 2.56%, and are now trading at a price of $96.63. For more information, read the company's full 8-K submission here.

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